AI video startup Runway completes $308 million funding round

AI video production company Runway has raised $308 million in a new round of financing, with a valuation jumping to over $3 billion. The round was led by General Atlantic, with participation from Nvidia and SoftBank Vision Fund No. 2. Runway will use the funds to strengthen the development of AI models and expand the creative team. Its software has been applied to projects such as Amazon series, Madonna tour and Puma advertising. The recently launched Gen-4 model supports character and scene consistency, achieving a major technological breakthrough.